Why is Shiv Texchem falling/rising?

As of 14-Nov, Shiv Texchem Ltd's stock price is currently at Rs 189.70, reflecting an increase of Rs 8.85, or 4.89%. The stock has been on an upward trend, gaining for the last two days with a total return of 5.33% during this period. Today, it opened with a significant gap up of 9.95% and reached an intraday high of Rs 198.9. Despite this positive movement, the stock has shown a year-to-date decline of 41.99% and a one-year decline of 32.59%, indicating a challenging longer-term performance. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 74.84% against the five-day average, which may suggest caution among investors.
In the broader market context, Shiv Texchem's short-term performance has outpaced the benchmark Sensex, which has returned 1.62% over the past week compared to the stock's 6.01% gain. This outperformance indicates a positive sentiment towards the stock relative to the overall market. However, the stock's long-term performance remains concerning, as it has significantly underperformed the Sensex over the year and year-to-date. The liquidity of the stock appears adequate for trading, but the falling investor participation could hinder sustained upward momentum in the future.